Corporate bond yields rise on uptick in government securities, withdrawal of G-SAP operations

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In the past few days, yields on G-Sec has risen almost 8 basis points, mostly after monetary policy and hit the highest levels since April 17, 2020, but eased 2-3 bps in the last two days. The rise was witnessed after the central bank called off G-SAP operations and signalled the start of policy normalisation.